Middle East News - page 7

 

Mideast Tensions Create Insurance Headache for Tanker Owners

Jan 09, 2020

Even as the United States and Iran appear to signal a keenness to avoid further conflict, oil and gas shipowners are bracing to pay a price for the war of words that culminated in rocket strikes in Iraq over the last week - higher insurance bills…

2 Shahid Ports Join Chabahar

Jan 03, 2020

The Members of Parliament (MPs) of Iranian Parliament (Majlis) approved the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port to Chabahar Free Trade Zone in southeast of Iran.The attachment of two ports to…

Iran-Muscat Ferry Soon

Dec 23, 2019

A direct Chabahar-Muscat ferry line between Iran and Oman is planned to resume operation within a month, said Iran's official news agency.Ferries with the capacity of transporting 240 people and 40 vehicles will operate between Iran’s Chabahar…

Maritime Leaders Calls for Collaborative Spirit

Nov 10, 2019

The fifth annual Maritime Standard Ship Finance and Trade Conference highlighted the importance of the shipping, ports and other maritime sectors working more closely with the financial services sector, as well as the growing influence of green issues and digitalization…

Milaha's 9-months Net Profit Up 5%

Oct 29, 2019

Qatar Navigation (Milaha) reported a 5% year-on-year increase in net profit to QR419mn in the first nine months of this year on account of the earnings expansion in its maritime and logistics business as well as gas and petrochem.The company's earnings-per-share was QR0…

Virgin Hyperloop to Add $4Bln to S. Arabia

Oct 27, 2019

Virgin Hyperloop One (VHO) is anticipated to pile in a potential US$4 billion into Saudi Arabia as it strives to make hyperloop transportation a reality.A 35-kilometer test and certification track will be built 100 kilometers north of the Red Sea port of Jeddah…

RECSO Hosts First Global Oil Spill conference

Oct 25, 2019

The Regional Clean Sea Organization (RECSO), an oil industry co-operative organisation in the Middle East, has hosted First RECSO Enviro Spill Conference and Exhibition.In delivering the keynote speech at the opening ceremony, Abdulhakim A. Al-Gouhi…

Grandweld Shipyards Completes 35 Years

Oct 14, 2019

Grandweld, a fully integrated shipyard providing shipbuilding, ship repair, and engineering solutions to serve the offshore and marine industry, has celebrated its 35th anniversary, which marked their continued excellence since its inception in 1984…

Iranian Tanker Hit by Missiles, Oil Rises

Oct 11, 2019

Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants…

Iran building oil pipeline to terminal outside Gulf

Oct 01, 2019

Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country's oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil…

UAE Joins ICS

Sep 24, 2019

UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah…

Aramco Rapidly Restores Production Capacity

Sep 18, 2019

Saudi Arabia's oil and gas giant Saudi Aramco announced that it will fully restore its production capacity by the end of September, in light of the Saturday's drone attacks that caused disruptions on around half of the country's oil capacity…

DP World Joins Chinese Firm for First Traders Market

Sep 01, 2019

The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali Freezone.The project will span around 800,000 sq m, with phase 1, estimated at $150 million…

UK highlights Gulf shipping threats

Aug 30, 2019

The UK Foreign Secretary Dominic Raab is to call for more international support to protect shipping in the Strait of Hormuz when he meets his French and German counterparts later today (Friday, August 31) for talks about Iran. Last month, Iran…

UAE Presence Grows in the Maritime World

Aug 13, 2019

Over recent years the United Arab Emirates has emerged as an important maritime hub with grand ambitions. Mark Venables visited the region to discover what is driving that growth.When the UAE was elected to the IMO Council as a Category B member…

Logistics News

Pilot Planning Implicated in Tanker Contact with Jetty

Pilot Planning Implicated in Tanker Contact with Jetty

Sempra Signs Contract with Bechtel to Build Port Arthur LNG Phase 2

Sempra Signs Contract with Bechtel to Build Port Arthur LNG Phase 2

Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart

Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart

China's Commodity Import Trend Driven by Prices, Not Economy

China's Commodity Import Trend Driven by Prices, Not Economy

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